Here are some tangible steps to take that can help connect ESG to corporate purpose and long-term value creation.
Boards play a crucial role in shaping the direction of ESG in business. As part of their duties, they must oversee the suitability and performance of a company’s ESG strategy, with far-reaching consequences for how they operate and the capabilities they need for success. ESG begins with purpose Purpose implies companies have an objective beyond profit maximisation. This means they must identify and address the issues that are important to all their stakeholders—for example, customers, employees, governments, regulators and the media—and not just their shareholders. For companies, ESG can be seen as the activity that underpins and delivers on their purpose. This includes actions related to environmental issues, such as climate cha